Brokerages Set Life360, Inc. (NASDAQ:LIF) PT at $44.75

Life360, Inc. (NASDAQ:LIF) has received a consensus rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $44.75.

A number of research firms have weighed in on LIF. Jefferies Financial Group started coverage on shares of Life360 in a research note on Friday, August 9th. They set a “buy” rating and a $43.00 price target on the stock. Stifel Nicolaus increased their price target on shares of Life360 from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Loop Capital raised their price target on shares of Life360 from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JMP Securities upped their price objective on Life360 from $40.00 to $55.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Finally, UBS Group raised their target price on Life360 from $35.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th.

Insider Activity at Life360

In other Life360 news, Director Charles J. Prober sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.45, for a total transaction of $1,298,000.00. Following the transaction, the director now owns 106,742 shares in the company, valued at approximately $3,463,777.90. This trade represents a 27.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Synge sold 33,617 shares of Life360 stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $37.04, for a total transaction of $1,245,173.68. Following the transaction, the director now directly owns 291,944 shares in the company, valued at $10,813,605.76. The trade was a 10.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 633,657 shares of company stock valued at $25,503,241 in the last three months.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Regal Partners Ltd bought a new stake in Life360 in the 2nd quarter valued at $23,635,000. XY Capital Ltd bought a new position in shares of Life360 during the second quarter worth about $205,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Life360 in the 2nd quarter valued at approximately $5,488,000. Emerald Advisers LLC acquired a new position in Life360 during the 2nd quarter worth approximately $6,777,000. Finally, Point72 DIFC Ltd bought a new position in shares of Life360 during the 2nd quarter worth approximately $43,000.

Life360 Trading Up 3.2 %

Shares of NASDAQ:LIF opened at $41.60 on Friday. Life360 has a 1-year low of $26.00 and a 1-year high of $48.90. The stock’s 50 day moving average price is $41.54.

About Life360

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.